Switzerland tops the ranking in The Global Competitiveness Report 2016-2017 for the eighth consecutive year. Singapore takes second place behind Switzerland for the sixth year in a row. The US is in 3rd, a position it has occupied since the 2014-2015 report. The rest of the top 10 is dominated by European economies, with Japan and Hong Kong also featuring in 8th and 9th respectively.

The rankings are calculated from both publicly available data and the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum together with its network of Partner Institutes (leading research institutes and business organizations) in the countries covered by the Report.